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  • Varroc Engineering - Update - Kotak Institutional - 040522

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    Varroc Engineering is an automotive components manufacturer with a market capitalization of 70 billion rupees. The stock is currently rated "ADD" with a closing price of 458 rupees. Forecasts show losses in 2022 and 2023 as EPS will be negative 63.4 rupees and 22.5 rupees respectively, before growing significantly to 6 rupees in 2024. Sales are expected to increase from 122 billion rupees in 2022 to 150 billion rupees in 2024, with EBITDA and net profits also projected to rise over the same period as the company returns to profitability.

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    Varroc Engineering_update_Kotak Institutional_040522

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    Varroc Engineering is an automotive components manufacturer with a market capitalization of 70 billion rupees. The stock is currently rated "ADD" with a closing price of 458 rupees. Forecasts show losses in 2022 and 2023 as EPS will be negative 63.4 rupees and 22.5 rupees respectively, before growing significantly to 6 rupees in 2024. Sales are expected to increase from 122 billion rupees in 2022 to 150 billion rupees in 2024, with EBITDA and net profits also projected to rise over the same period as the company returns to profitability.

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    © All Rights Reserved
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    18 views8 pages

    Varroc Engineering - Update - Kotak Institutional - 040522

    Uploaded by

    darshanmalde
    Varroc Engineering is an automotive components manufacturer with a market capitalization of 70 billion rupees. The stock is currently rated "ADD" with a closing price of 458 rupees. Forecasts show losses in 2022 and 2023 as EPS will be negative 63.4 rupees and 22.5 rupees respectively, before growing significantly to 6 rupees in 2024. Sales are expected to increase from 122 billion rupees in 2022 to 150 billion rupees in 2024, with EBITDA and net profits also projected to rise over the same period as the company returns to profitability.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Varroc Engineering

    Stock data Forecasts/valuations 2022 2023E 2024E


    CMP(Rs)/FV(Rs)/Rating 458/500/ADD EPS (Rs) (63.4) (22.5) 6.0
    52-week range (Rs) (high-low) 494-260 EPS growth (%) (36.0) 64.5 126.8
    Mcap (bn) (Rs/US$) 70/1 P/E (X) (7.2) (20.3) 75.8
    ADTV-3M (mn) (Rs/US$) 301/4 P/B (X) 3.4 4.0 3.8
    Shareholding pattern (%) EV/EBITDA (X) 91.2 12.9 7.7
    Promoters 75.0 RoE (%) (46.4) (19.7) 5.0
    FPIs/MFs/BFIs 3.5/13.1/1.1 Div. yield (%) 0.0 0.0 0.0
    Price performance (%) 1M 3M 12M Sales (Rs bn) 122 134 150
    Absolute 23.8 8.4 23.4 EBITDA (Rs bn) 1 7 12
    Rel. to BSE-30 27.7 12.7 6.6 Net profits (Rs bn) (10) (3) 1

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